Did you ever know that the Bible never sought to teach us of abolishing slavery as a whole. However, slavery in America was cruel and evil. The same is true of kidnapping young girls and putting them into prostitution. This is happening in much of the world today. What Peter is saying here is that if you have a master, or an employer it is legitimate for us to obey them. Paul says to treat them like you would do with Christ who is our true master. We do this with a conscience toward God. Now if we do wrong and are punished for it, is there any glory in that? What is that good to anybody. I want to do all to the glory of God. That counts to the world and the people of God and especially Christ Himself. The next step is Christ who was punished in our place though He did no sin neither was any guile found in His mouth. He bore our sins in His own body on the tree. Now the next step that we are dead to sin and to live unto righteousness. We are healed by His stripes. That is inner healing not physical healing. The next verse says it all as a good conclusion to it all. We were like sheep going astray but are now returned to the Shepherd and Bishop of our souls. Here I want to emphasize the word returned. A Christian not living right cannot say that.